Shell in talks on refinery sales

Shell is in exclusive talks with Indian industrial group Essar on the sale of two refineries in Germany and one in Britain.

A spokesman for the Essar conglomerate confirmed the talks and said no price or time frame for a potential sale had been agreeds, Dow Jones said.
Shell is planning to divest some 15% of its global refining capacity over the next three years as part of its restructuring programme and wants to concentrate on its bigger refineries.

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